3128012 Nova Scotia Limited Announces Expiration and Results of Cash Tender Offer for 3.75% Convertible Senior Notes Issued by
May 11 2006 - 5:35PM
PR Newswire (US)
NEW YORK, May 11 /PRNewswire/ -- 3128012 Nova Scotia Limited, a
Nova Scotia corporation ("AcquisitionCo"), announced today that,
pursuant to its cash tender offer (the "Offer") for any and all of
the outstanding 3.75% Convertible Senior Notes due 2023 (CUSIP Nos.
305204 AA 7 and 305204 AB 5) (the "Convertible Notes") issued by
Fairmont Hotels & Resorts Inc. ("Fairmont") (NYSE: FHR; TSX),
as described in AcquisitionCo's Offer to Purchase and the related
Letter of Transmittal, dated March 31, 2006, and the Amendment and
Supplement to Offer to Purchase, dated April 24, 2006, it has
purchased $267,000,000 aggregate principal amount of the
Convertible Notes, representing approximately 99% of the
$270,000,000 aggregate principal amount of the Convertible Notes
issued and outstanding as of the commencement of the Offer. The
Offer expired at 5:00 pm, New York City time, on May 10, 2006.
AcquisitionCo paid $324,119,310.00 in cash to purchase the
Convertible Notes in the Offer. After giving effect to the purchase
of Convertible Notes in the Offer, AcquisitionCo has been informed
by the Trustee of the Convertible Notes that $3,000,000 in
aggregate principal amount of the Convertible Notes (CUSIP No.
305204 AB 5) remains outstanding. DATASOURCE: 3128012 Nova Scotia
Limited CONTACT: Kam Ng, 1-866-470-3700, for 3128012 Nova Scotia
Limited
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